Velas $VLX & WAG Staking

APR(s) are crazy in crypto, but can you really see the gains represented?

Many low cap cryptos are considered high risk, as they simply may not exist in a few years. So how do you decide to invest? Well, my decision for low cap coins is to invest when I can earn passive income. With that said, let's check out Velas and it's Exchange Wagyu Swap pools: https://exchange.wagyuswap.app/pools

Staking, especially when you lock your stake can also be very risky. So, only invest what you are willing to lose. But if you are familiar with Uniswap on the Ethereum network, or Pancakeswap on the Binance mainnet, then take a moment to check out Wagyuswap on the Velas chain.

How to you get Velas (VLX) and Wagyu's token (WAG)? Well, Kucoin.com is the answer. Here is how I did it. I purchased Stellar (XLM) on Coinbase, transferred it to my Kucoin.com account, spot traded XLM for USDT, then spot traded for VLX. Sending XLM is the cheapest method and the XLM/USDT pool on Kucoin is very liquid. You can almost get 1-to-1 on the value.

Ok, now you have VLX. Move it to your Main Account on Kucoin.com, then issue a withdrawal to your Metamask wallet. Be sure to use the VLX EVM network, then you can use your Metamask wallet address. You will need to add the Velas chain, but this is easily done by connecting your wallet to https://exchange.wagyuswap.app and letting it add the network.

Ok, now you have VLX in Metamask. Use Wagyuswap to trade for WAG. Keep enough Velas for future transactions, a few dollars worth is fine.

Ok, now go to https://exchange.wagyuswap.app/pools and enable the WAG staking pool. Deposit your WAG and choose your length. Currently 1 year is 270+% APR. Keep in mind you are locking for the duration, so choose a timeframe and APR that makes sense to you. Sit back and earn passive income.

Not financial advice, for entertainment and informational purposes.

Happy earning